- USD/JPY recovers to nearly 156.50 because Japanese yen performs major friends.
- BOJ has refrained from providing a specific policy emphasis path.
- President Trump has pushed back the fear of imposing tariffs on China.
USD/JPY raises the interest rate of the Bank of Japan (BOJ) and rises to nearly 156.60 in the North American session on Friday. The Japanese yen (JPY) was upside down in the aftermath of the BOJ monetary policy announcement.
Today's Japanese yen price
The following table shows the change rate of Japanese yen (JPY) to the major currency listed today. Japan's yen was the strongest for US dollars.
| USD | EUR | GBP | JPY | CAD | AUD | NZD | Chf | |
|---|---|---|---|---|---|---|---|---|
| USD | -0.55 % | -0.50 % | 0.27 % | -0.31 % | -0.31 % | -0.46 % | -0.02 % | |
| EUR | 0.55 % | 0.05 % | 0.82 % | 0.24 % | 0.23 % | 0.09 % | 0.52 % | |
| GBP | 0.50 % | -0.05 % | 0.78 % | 0.19 % | 0.18 % | 0.04 % | 0.48 % | |
| JPY | -0.27 % | -0.82 % | -0.78 % | -0.60 % | -0.60 % | -0.76 % | -0.32 % | |
| CAD | 0.31 % | -0.24 % | -0.19 % | 0.60 % | -0.00 % | -0.15 % | 0.29 % | |
| AUD | 0.31 % | -0.23 % | -0.18 % | 0.60 % | 0.00 % | -0.14 % | 0.28 % | |
| NZD | 0.46 % | -0.09 % | -0.04 % | 0.76 % | 0.15 % | 0.14 % | 0.43 % | |
| Chf | 0.02 % | -0.52 % | -0.48 % | 0.32 % | -0.29 % | -0.28 % | -0.43 % |
The heat map shows the changing rate of major currencies to each other. Basic currencies are selected from the left row, and the quota is selected from the top line. For example, if you select Japanese yen from the left column and move to the US dollar along the horizon, the percentage of changes displayed in the box indicates JPY (base)/USD (QUOTE).
As expected, the first reaction from the yen was very bullish after BOJ raised the main borrowing rate (BPS) to 0.5 %. However, I dive later. NAKAMURA vegetation, one policy creator, opposed the decision to further strengthen monetary policy. The sale in the yen came after the press conference by Governor Baji.
“We don't have an idea set in advance. Central Bank will make decisions at each policy meeting by examining economic and price development and risks,” said Ueda.
When UEDA was asked about the impact of President Donald Trump's tariff policy on the Boji monetary policy stance, he said, “The size of tariffs is very uncertain. Incorporate it into the prediction and reflect them when determining a policy. “
Investors support US dollars (USD) for yen, but other friends are reducing their performance because the risk premiere is significantly reduced. The US dollar index (DXY), which tracks the value of a green back to six major currencies, is reduced to 107.45, the lowest level seen in one month or more.
The USD risk premium decreased because Trump returned to China's expectations for tariffs. In an interview with Fox News on Thursday, Trump said that it could reach a transaction with China without raising tariffs.
